The Economic Consequences of Demographic Change in East Asia

Takatoshi Ito and Andrew K. Rose

Abstract

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this book offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. Chapters in this book explore such topics as comparative demographic change, population ag ... More

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this book offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. Chapters in this book explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The book provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong.

Douglas Almond, Lena Edlund, Hongbin Li, and Junsen Zhang

Francis T. Lui

End Matter

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